Topic 2: Setting Up A New Enterprise

Topic 2: Setting Up A New Enterprise

9th - 11th Grade

10 Qs

quiz-placeholder

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Topic 2: Setting Up A New Enterprise

Topic 2: Setting Up A New Enterprise

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

Medium

Created by

Umi salmah Hj Ajam

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How many types of business organisation are there?

7

6

8

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following business organisation own by one person only?

Partnership

Sole Trader

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following statement define "sole trader"?

A business that is owned and run by just one person though it may employ staff.

A company that is legally independent from its shareholders, who as a result have limited liability.

A type of business organisation that is owned by two or more people.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sole trader and partnership is a/an __________.

Incorporated enterprise

Social enterprise.

Unincorporated enterprise.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the other common features of Sole Trader and Partnership?

Both business organisation has limited liability.

Both business organisation has unlimited liability.

Both business organisation is an incorporated business.

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What is the advantage of start-up a business as sole trader?

It is not easy to raise finance

The owner is fully responsible for all debt.

The owner can keep all the profits.

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which of the following is the disadvantages to start-up a business as sole trader?

Cheap, quick and simple to start the business activity.

The owner can make his/her own decisions and has full control of their business.

It is difficult to raise finance, so often the owner has to rely on personal saving.

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